October 17,2003

Grassley Releases Witness List for Tax Shelters Hearing

WASHINGTON – Sen. Chuck Grassley, chairman of the Committee on Finance, willconvene a hearing to examine the current situation regarding abusive tax shelters – both corporateand individual – and the government’s response to the problem. Grassley intends to expose anyweaknesses in the government’s enforcement efforts as the buyers and sellers of illicit tax shelterscontinue to find new, creative ways to ply their trade.


Charles E. Grassley, Chairman
“Tax Shelters: Who’s Buying, Who’s Selling, and What’s the GovernmentDoing About It?”
Tuesday, October 21, 2003, at 10 a.m., in G-50 Dirksen Senate Office Building

Witness List

A Panel Consisting Of:

The Honorable Carl Levin, Ranking Member, Permanent Subcommittee on Investigations, United States Senate

A Panel Consisting Of:

An anonymous witness to speak on abuses in the leasing industry (lease-in-lease-out and service-in-lease-out).
Mr. Michael Hamersley, former employee of KPMG, Fair Oaks, California
Mr. Robert Schmidt, former employee of Levi Strauss & Co., San Jose, California
Mr. Thomas Walsh, former employee of Levi Strauss & Co., San Jose, California
Mr. Henry Camferdam, Jr., Tax Shelter Investor, Indianapolis, Indiana
Mr. Robert V. Lally, Accountant, Federman, Lally & Remis, LLC, Farmington, Connecticut

A Panel Consisting Of:

Mr. Philip Cook, Attorney, Alston & Bird, Atlanta, Georgia
Mr. Mike Brostek, Director, Strategic Issues, U.S. General Accounting Office, Washington, D.C.
The Honorable Pamela Olson, Assistant Secretary for Tax Policy, U.S. Department of the Treasury,Washington, D.C.
The Honorable Mark Everson, Commissioner, Internal Revenue Service, Washington, D.C.
The Honorable Eileen O’Conner, Assistant Attorney General, Tax Division, U.S. Department ofJustice, Washington, D.C.
Mr. William J. McDonough, Chairman, Public Company Accounting Oversight Board, Washington,D.C.
Mr. B. John Williams, Shearman and Sterling LLP, Washington, D.C.